Assessing the contribution of financial innovations to the production of implicit services of financial intermediation in Costa Rica
نویسنده
چکیده
In this study we attempt to make a small progress in that direction in the case of Costa Rica. The financial system of Costa Rica is relatively small and concentrated in a few intermediaries, where State-owned banks play a leading role. However, recent years have seen a drive for modernisation in banking practices that has made product and process innovation more prevalent. This led us to try to gauge how important are product innovations for the provision of intermediation services in Costa Rica.
منابع مشابه
Long-term and Short-term Effects of Financial Intermediation on Economic Growth
Financial intermediation in Iran's banking system is negatively affected at least in two ways. First, there are many similarities between financial intermediation and usurious activities in the common interpretation of interest-free banking law. This encourages the banks to participate in various commercial activities. Second, the price setting policies of the central bank makes investment more...
متن کاملInvestigating the Effects of Financial Repression on Private Investment in Agriculture Sector
One of the present phenomena that virtually explain weaknesses in financial systems of different countries is financial repression. Financial repression encompasses the different interferences of governments in financial markets through determining the ceiling interest on bank deposits, high rates of legal reserves, and the government’s interference in distribution of bank credits,which prevent...
متن کاملHousehold Financial Contribution to the Health System in Shiraz, Iran in 2012
Background One common challenge to social systems is achieving equity in financial contributions and preventing financial loss. Because of the large and unpredictable nature of some costs, achieving this goal in the health system presents important and unique problems. The present study investigated the Household Financial Contributions (HFCs) to the health system. Methods The study investiga...
متن کاملKaraoke in Costa Rica: A Multidimensional Approach to Study Abroad
This case study was conducted to determine the benefits of a multi-dimensional study abroad program that included a community service component. It encompassed the following aspects of the study abroad experience: motivation for travel, language learning research, the role of autonomy in language learning, and cultural awareness, behaviors, and attitudes. The researcher acted as a participant a...
متن کاملThe Effects of Parametric Reforms on Retirees’ Welfare and Financial Sustainability of the Social Security Organization Pension System
Extended Abstract Introduction: The World Bank in its 2017 report on Iran, listed three crises for the Iranian economy: pension funds, water security, and ecology. Pension funds crisis can be addressed in many respects, but what is now referred to, as the main problem of pension funds in Iran, is the large financial deficit in the three pension funds: Civil Servants Pension Fund (CSPO), Armed ...
متن کامل